Suppose you borrowed 12000 at a rate of 90 and must repay
Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? For year 3, what percentage from your payments goes to is the principle payment?
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suppose you borrowed 12000 at a rate of 90 and must repay it in 4 equal installments at the end of each of the next 4
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